Shoosmiths real-estate specialists have advised holiday park operator Park Holidays on the property elements of the sale of its entire issued share capital in a deal worth £172m.

Led by partner Lisa Williams, Shoosmiths’ Milton Keynes real-estate team is said to have particular knowledge of holiday caravan and chalet parks, as well as the property and planning issues associated with them.

The acquisition was funded by equity from Caledonia’s balance sheet and supported by acquisition facilities from the UK clearing banks.